一、我国实施资产证券化的阻碍因素1.缺少大量持续、稳定的长期资金供给资产证券化作为一种融资方式,它需要有稳定的资金来源。资产支持证券的最主要投资者是养老基金、商业银行、共同基金、保险公司等机构。在我国,能够参与证券投资的机构数量少,投资于证券市场的资金比率受相 First, China’s implementation of asset securitization obstacles 1. Lack of a large number of sustained and stable supply of long-term capital asset securitization as a way of financing, which requires a stable source of funding. Asset-backed securities are the main investors pension funds, commercial banks, mutual funds, insurance companies and other institutions. In our country, the number of institutions that can participate in the securities investment is small, and the ratio of funds invested in the securities market is controlled by